Influence of Intellectual Property Demonstration Cities Policy on Enterprise Digital Transformation
Taking the national intellectual property demonstration cities as the quasi-natural experiment,A-share listed companies from 2009 to 2021 are selected as samples to investigate the impact of intellectual property demonstration cities on enterprise digital transformation using the time-varying difference-in-differences method.The results show that the poli-cy of intellectual property demonstration cities promotes enterprise digital transformation and passes a series of robustness tests.In addition,the information technology expertise of corporate executives and regional digital finance development play a moderating role in intellectual property protection policies.Further heterogeneity analysis shows that the influence of the policy is more significant in the subsamples of eastern and central cities,high-tech industries,non-state-owned enter-prises,etc.
intellectual property demonstration citiesenterprise digital transformationCEO IT expertisedigital finance
NETL
NSTL
万方数据
